If nnpc sells at 950, expect others to sell at 1200

Well! Well!! Well!!!
Dangote should counter NNPC by releasing his refinery gate price.

NNPC want to practice full deregulation, expect frequent price fluctuations henceforth.

F117nighthawk:
NNPC is a big scam to this country, Nigerians are very good with words when it comes to corruption and lack of transparency,u are telling us u are paying in dollars in September and u will start paying in naira by October?abeg tell that to the birds.only a fool will believe this rubbish.u just want the subsidy scam and wuru wuru to continue.we know Dangote doesn't have a choice but to cooperate with u as the sole marketer he sells to so that u can control the Price and maintain your hidden subsidy scam.
The fact is Nigeria cannot get any better under this political rouges in government.

foreign fuel landing cost is 1200....landing cost for Sangote is 1k.....if they decide to sell at the pump at 950 in Lagos that means outside Lagos will be 1k plus at those prices please tell where subsidy is coming in cause we will be paying full price.....so please explain to us your reasoning......

Penguin2:
If NNPC is selling N950, imagine how much independent marketers will sell.

Everything Tinubu and hordes protested against GEJ for, he has done it times one million.

It will never be well with Tinubu and the fools who joined him to organize #OccupyNigeria in 2012 but are all quiet now.

Chineke kpọ unu ọkụ😏

That's why the marketers should be allowed to buy directly from the refinery.... Nnpcl is an interloper here

There is no transparency from NNPC,did u ask yourself why NNPC is the sole marketer?why did they not allow everyone to go to Dangote and buy?
NNPC have arranged and arm twisted Dangote to sell at the amount they announced to conceal their subsidy scam,of course Dangote will cooperate with NNPC in other for them to patronize him and stay in business.
The fact is never trust anything that comes from the present political system.NNPC is a cash cow to politicians in power and that's where they get their illegal and emergency funds they need to spend frivolously

quote author=leokid866 post=132022336] foreign fuel landing cost is 1200....landing cost for Sangote is 1k.....if they decide to sell at the pump at 950 in Lagos that means outside Lagos will be 1k plus at those prices please tell where subsidy is coming in cause we will be paying full price.....so please explain to us your reasoning......[/quote]

F117nighthawk:
There is no transparency from NNPC,did u ask yourself why NNPC is the sole marketer?why did they not allow everyone to go to Dangote and buy?
NNPC have arranged and arm twisted Dangote to sell at the amount they announced to conceal their subsidy scam,of course Dangote will cooperate with NNPC in other for them to patronize him and stay in business.
The fact is never trust anything that comes from the present political system.NNPC is a cash cow to politicians in power and that's where they get their illegal and emergency funds they need to spend frivolously

quote author=leokid866 post=132022336] foreign fuel landing cost is 1200....landing cost for Sangote is 1k.....if they decide to sell at the pump at 950 in Lagos that means outside Lagos will be 1k plus at those prices please tell where subsidy is coming in cause we will be paying full price.....so please explain to us your reasoning......

You are right

TreasureJunky:
We were behind dangote when Tinubu was prosecuting him about selling crude oil in dollars to him, now this is what he paid us with.l, it's well.
By the way,, there are many releases about the price of Dangote fuel, one said 868, another one said 788, one said 898, and this one is 950 now, we don't know what to believe again in this country.

The badge NNPCL took yesterday was bought by Dangote in dollars in the International Market. The one NNPCL sold to him in Naira will be ready by October according to Dangote Refinery.

The news is that there won't be much difference even with that because of :
1. Corruption in FG and NNPCL
2. They're just saying it's bought in Naira. The Naira paid was the equivalent of the dollar exchange rate.
So you see, things can only get worse under this FG

Did Fuel just become more expensive?

If so, them for just leave us with NNPC imported fuel na, no be just last month NNPC increase price? Now them don increase am again

It will Neva be well with melli IFSHA,same for all those cabals you rep,it will Neva be well for you draining Nigeria resources and sharing among few,you all be ravage d by strange illnesses the way you have ravage Nigeria crude oil wealth IFSHA. Those our moneys you thief you will spend on your deteriorating selfs with agonizing illhealth and sorrow till you all evil occupiers of naija wealth exit this world to perish in hell

Wow

Suffering promax activated in nigeria.

Nigerians go collect haha 😂😂😂 nice ones boys !!! Keep Dem confused 😆😆😆

No food no light no fuel no security no peace ✌️

Make unah begin chop broom haha

Broom stew 🍲🍲🍲

As long as we Ronu-chanters are not affected by the price, it doesn't really matter

We shall continue to stand on his manhood mandate

Tilumboo till 2099

Omo even BAT supporters are shocked …Dangote is a business man and not your lord and personal saviour…hahaha ride on NNPC we are enjoying this game

VotingPolls:


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This is a madness taken too far in this country and we citizens must come together to resist this madness. No one can do it for us . How can we be paying so high for fuel? This government is the worst in Nigeria and must be kicked out in 2027

nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

Good morning your eyes don clear now, you can see that you were attacking me with false figures and statistics. You've to eat humble pie.

This country destiny has been sold

bdon123:

That is not true...landing cost for lower quality pms is around 1100.Government was subsizing to bring it to around 700.Why cant govt subsidize jst 30% of wat itwas doing before to bring it to around 700.[b]bear in mind we were subsidizing for neigboring countries too bt that will all become a thing ofpas[/b]t...therefore cost of subsizing will be far lower.Its either that or giv dangote cheap crude to exchange for products.

The bold is false.
Smuggling continues as long as Nigerian price is lower than neigboring countries'.
Subsidy or no subsidy, refinery or no refinery.

I was not expecting less. My pain is I am still in this shithole. So sad.

Both NNPC & Dangote were just playing along. They had already concluded matter since inception.

Divide this country peacefully and let's go back to our regions. Shikenna

nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

with this new price, NO subsidy. Rather NNPC makes some gain per liter of petrol sold.

yinkus6750:
Cos of high exchange rate, price of PMS is at 1k. Despite refining at home.
Both parties of cashed out.
Using Nigerians to cash cruise

What's the issue of exchange rate? They said the crude oil will be sold in Naira and the products will be bought from Dangote in Naira. So I nor understand

Using N950 it sells for in Abuja and N1640 to a dollar, it a averages 0.58 USD per liter. Not so far from Buhari and GEJ era.

Worst govt so far

Very wicked people

Penguin2:
If NNPC is selling N950, imagine how much independent marketers will sell.

Everything Tinubu and hordes protested against GEJ for, he has done it times one million.

It will never be well with Tinubu and the fools who joined him to organize #OccupyNigeria in 2012 but are all quiet now.

Chineke kpọ unu ọkụ😏

but they may actually be out of business . as long as nnpc always has fuel,no body will buy from independent marketers

ivolt:

The bold is false.
Smuggling continues as long as Nigerian price is lower than neigboring countries'.
Subsidy or no subsidy, refinery or no refinery.

But the smuggling won't really hurt our economy if there is no subsidy. It would be bad if we are paying subsidy and the product is smuggled out. But in this case of zero subsidy, no problem. 25Million to 30Million liters of petrol per day is more than enough for West Africa.

This is not global standard prices. The cost of PMS here when converted to naira is 3000/ liter. Sth is wrong

Borrow222:


Good morning your eyes don clear now, you can see that you were attacking me with false figures and statistics. You've to eat humble pie.

Don't mind nairalander1. Since last year has been supporting nonsense and it's now eyes have cleared

After all d rigmarole this is the shit you get ,Imagine how much they will sell diesel,this ppl are worse than devil

Subuhannalillahi